Quantbot Technologies LP Purchases 35,188 Shares of CBIZ, Inc. (NYSE:CBZ)

Quantbot Technologies LP increased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 960.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 38,850 shares of the business services provider’s stock after purchasing an additional 35,188 shares during the quarter. Quantbot Technologies LP’s holdings in CBIZ were worth $2,614,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP acquired a new position in CBIZ during the 3rd quarter valued at about $2,434,000. FMR LLC lifted its holdings in CBIZ by 27.4% in the third quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in CBIZ in the third quarter valued at approximately $1,159,000. Cerity Partners LLC grew its holdings in CBIZ by 26.6% during the 3rd quarter. Cerity Partners LLC now owns 13,636 shares of the business services provider’s stock worth $918,000 after acquiring an additional 2,861 shares during the period. Finally, Citigroup Inc. raised its position in shares of CBIZ by 205.1% during the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after acquiring an additional 35,768 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CBZ shares. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Price Performance

Shares of CBZ stock opened at $82.44 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 12-month low of $57.01 and a 12-month high of $86.36. The firm has a fifty day moving average of $70.59 and a 200-day moving average of $73.16. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 34.93 and a beta of 0.91.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.